Aspiration Spend & Save: 3%-5% APY On Balances Up To $10,000

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Offer at a glance

  • APY: Up To 5% APY
  • Availability: Nationwide
  • Direct deposit required: No
  • Additional requirements: $1,000 in debit card spend
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: Up to $7.99

The Offer

Direct link to offer

  • Aspiration is offering up to 5% APY on balances up to $10,000. It requires $1,000 in monthly spend. There are two tiers of  accounts:
    • Aspiration, no monthly fee and earns 3% APY
    • Aspiration Plus, $7.99 monthly fee and earns 5% APY

 

Avoiding Fees

Monthly Fees

As mentioned above there is one account with no monthly fee and the other account has a $7.99 monthly fee that is not avoidable.

Our Verdict

You can also get a sign up bonus of $100-$200 as well from Aspiration. If you max out the account this is how much you’d earn per month:

  • Aspiration (3%): $25
  • Aspiration Plus (5%) $41.67

So if you’re maxing out the account then it is worth paying the $7.99 monthly fee. The main problem with these accounts is that it requires the $1,000 in spend. If you put that on a credit card earning 2% cash back that would be $20 monthly, obviously if you put it towards meeting minimum spend requirements on credit card bonuses it’s even higher.

Useful posts regarding bank bonuses:





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